Both Price and Quantity Will Increase When There Is A(n)

question 22

Multiple Choice

Both price and quantity will increase when there is a(n)

• A)​increase in demand.
• B)​decrease in demand.
• C)​increase in supply
• D)​decrease in supply.

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Definitions:

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or deposit, based on a simple interest rate over a specified period.

360-Day Year

A simplified calculation method used in finance, assuming a year consists of 360 days for the purpose of interest calculation.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment, based on the original amount without compounding.

360-Day Year

An accounting method that simplifies interest calculations by using 360 days as the length of a year.